I feel so blessed that I have so many really smart, really great friends. In the hope that one day I might understand the equity markets so I can more confidently invest in them, I called a handful of friends that manage equity funds to talk to them about whether or not equities are cheap? […]
http://www.huffingtonpost.com/jacki-zehner/quickfixonomics-fannie-m_b_83290.html How could I not respond to the latest announcement given I was once a mortgage backed bond trader??? Hope you enjoy the read.
For a a thoughtful explanation of the current situation you have to read the thoughtful piece by George Soros. Here is the link http://www.ft.com/cms/s/0/24f73610-c91e-11dc-9807-000077b07658.html A few excerpts from that piece worth highlighting “The current financial crisis was precipitated by a bubble in the US housing market. In some ways it resembles other crises that have […]